The Australian Dollar to US Dollar (AUD/USD) currency pair is ending the trading week near the 0.6474 area. The pair continues to move within a developing correction and a major downward channel. Moving averages indicate a bullish trend. Prices have broken below the area between the signal lines, indicating downward pressure from asset sellers and potential continued decline in the currency pair. Currently, we should expect an attempt at a bullish correction and a test of the resistance area near 0.6645. This will then lead to a downward rebound and continued decline in AUD/USD with a potential target below 0.6095 in the forex market.
AUD/USD Weekly Forecast October 20 — 24, 2025
An additional signal favoring a decline in the Forex pair will be a rebound from the upper boundary of the Head and Shoulders reversal pattern. A second signal will be a rebound from the resistance line on the Relative Strength Index (RSI). A strong rally and a breakout of 0.6805 will cancel out the AUD/USD downside scenario for the current trading week of October 20-24, 2025. This will indicate a breakout of the resistance level and continued growth of the Australian Dollar on Forex, with a potential target at 0.7235. A breakout of the support area and a price close below 0.6355 will confirm the continuation of the decline, signaling a breakout of the lower boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s realization with targets below.
AUD/USD Weekly Forecast October 20 — 24, 2025 suggests an attempt to develop a bullish correction and test the 0.6645 level. Subsequently, the currency pair is expected to continue falling below 0.6095. A test of the trend line on the relative strength indicator (RSI) will support a decline this week. A strong rally and a breakout of the 0.6805 area would cancel out the downside scenario. This would indicate a breakout of the resistance area and a continued rally with a target above 0.7235.
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